INVESTOR ALERT: LEVI & KORSINSKY, LLP Announces Investigation of NORTH VALLEY BANCORP & Its Board of Directors in Connection ...
January 22 2014 - 1:54PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
North Valley Bancorp (“North Valley” or “the Company”) (Nasdaq:
NOVB) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to TriCo
Bancshares (NasdaqGS: TCBK).
Click here to learn more about the action
http://zlk.9nl.com/north-valley-bancorp-novb, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, North Valley shareholders
will receive 0.9433 shares of TriCo Bancshares common stock for
each share of North Valley common stock they own, representing a
value of approximately $26.09 per share. The transaction has a
total approximate value of $178.4 million. The investigation
concerns whether the North Valley Board breached their fiduciary
duties to stockholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether TriCo
Bancshares is underpaying for North Valley shares.
If you own North Valley common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/north-valley-bancorp-novb.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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